Question

An essential management tool that communicates management's plans throughout the organization, allocates resources, and coordinates activities is called the ______ budget. master sales self-imposed profit planning

Answer 1

Answer: Master budget

Explanation: The main budget is the set of all budgets in all necessary areas of the company, that is, the set of all smaller budgets, and the main budget determines all aspects of the company's business, from future sales, volume and type of production, future purchases, costs, investments, etc. The main budget is a comprehensive document concerning all of the above related to the overall business of the company. It is precisely a management tool, with which it manages throughout the company and presets goals, directs resources, coordinates activities, etc.